• Title/Summary/Keyword: business failure

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The Critical Success Factors of Internet Banks and Considerable Points When Introducing into Domestic Markets (인터넷전문은행의 성공요인과 국내 도입시 고려요인에 관한 다중사례 연구)

  • Cho, Dong-Hwan;Lee, Ho-Guen
    • The Journal of the Korea Contents Association
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    • v.9 no.12
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    • pp.600-612
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    • 2009
  • Special banks primarily using Internet have different properties in transactions with customers, risk management, capital strength, and branch networks with general banks. The success and failure factors of Internet banks have been explained only by the economies of scale, and learning and experience effects of Internet banks based on the perspective of organizational ecologies. In this study, the success factors of Internet banks are investigated based on strategic choice by organizations and resource-based view of the firms instead of organizational ecology perspective. To this end, 31 major Internet banks operating in overseas market have been classified by the size and profitability of banks, and three strategic groups have been derived. three representative company cases were analyzed. critical success factors of Internet banks were derived, and considerable points when operating Internet banks were discussed.

Thermo-Mechanical Reliability of Lead-Free Surface Mount Assemblies for Auto-Mobile Application (무연 솔더가 적용된 자동차 전장부품 접합부의 열적.기계적 신뢰성 평가)

  • Ha, Sang-Su;Kim, Jong-Woong;Chae, Jong-Hyuck;Moon, Won-Chul;Hong, Tae-Hwan;Yoo, Choong-Sik;Moon, Jeong-Hoon;Jung, Seung-Boo
    • Journal of Welding and Joining
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    • v.24 no.6
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    • pp.21-27
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    • 2006
  • This study was focused on the evaluation of the thermo-mechanical board-level reliability of Pb-bearing and Pb-free surface mount assemblies. The composition of Pb-bearing solder was a typical Sn-37Pb and that of Pb-free solder used in this study was a representative Sn-3.0Ag-0.5Cu in mass %. Thermal shock test was chosen for the reliability evaluation of the solder joints. Typical $Cu_6Sn_5$ intermetallic compound (IMC) layer was formed between both solders and Cu lead frame at the as-reflowed state, while a layer of $Cu_3Sn$ was additionally formed between the $Cu_6Sn_5$ and Cu lead frame during the thermal shock testing. Thickness of the IMC layers increased with increasing thermal shock cycles, and this is very similar result with that of isothermal aging study of solder joints. Shear test of the multi layer ceramic capacitor(MLCC) joints was also performed to investigate the degradation of mechanical bonding strength of solder joints during the thermal shock testing. Failure mode of the joints after shear testing revealed that the degradation was mainly due to the excessive growth of the IMC layers during the thermal shock testing.

Joint Penal Provisions and Criminal Liability in Medical Law (의료법 등의 양벌규정과 책임원칙)

  • Hwang, Man-Seong
    • The Korean Society of Law and Medicine
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    • v.11 no.2
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    • pp.149-179
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    • 2010
  • In November 2007, the Korean Constiutional Court held that a joint penal provision in which the individual employer is punished when his or her employee is determined to have committed a crime was unconstitutional, because the joint penal provision had no contents for the culpability of an individual employer and thus violated the constitutionally protected principle of culpability. After the Korean Constitutional Court's judgment, since December 2008 the Ministry of Justice began to change the old joint penal provision into the new revised joint penal provision. On January 2010, the old joint penal provisions of 110 laws were revised. The new revised joint penal provision adds only an additional sentence: "If a juristic person, an entity or an individual perform due care and supervision over its employee for the prevention of such a crime, it will be exempted from the punishment". But an presumption of negligence clause that is added in the new revised joint penal provision is still vacuum in concerned with supervision responsibility. Probably the new form of penal provision, that is understood to be a kind of the presumption of negligence, could let the burden of proof be changed from the public prosecutor to the accused, in other words employer-side. Especially, when joint penal provision is applied to hospital as administrative punishment, according to the hospital is a (juridical) foundation or not, the application of the joint penal provision is different and unfaithful. In my opinion, therefore, a corporation liability could be considered according to various liability of employee's business and the crime its employee committed because of an organizational failure of the corporation.

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The NHS litigation scheme related to Maternity Services in UK: its experiences and implications (영국 NHS의 모성서비스 관련 의료과오보상제도의 경험과 그 함의)

  • Han, Dong-Woon;Hwang, Jung-Hye
    • The Korean Society of Law and Medicine
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    • v.11 no.2
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    • pp.181-208
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    • 2010
  • Maternity services is often perceived as a troublesome business and obstetric litigation is on the increase in Western countries. Overall, the number of claim and cost of litigation to the NHS Litigation Authority (NHSLA) from maternity services in the UK is increasing every year. Maternity services account for 60-70% of the total sum paid. This has widespread implications for both the individual practitioners and the institutions where they work, due to increasing malpractice insurance premiums. Fear of litigation is also attracting fewer medical graduates into the specialty, leading to a recruitment crisis in obstetrics and gynaecology. The litigation process can cause pain, suffering and distress to clinicians as well as to the patients and their families. Litigation in maternity services is the result of a complex of events when malpractice (presumed or real) impacts on the attitude of pregnant women and their environment. In such complexity, information is mandatory but may often be misinterpreted. If messages are not tailored to the receiver's capacity, communicating well with the pregnant patient becomes crucial. Therefore, to reduce medicallegal issues in obstetrics, increasing attention and an applicable standard of obstetric care to avoid negligence and medical errors should go along with other measures. Considering UK's experiences, NHS redress scheme make it easier to pursue small claims and birth related claims, without necessarily reducing the number of claims processed through the conventional legal system and perhaps encouraging even more of them. The task of dealing with the greater number of inquiries into their practice would inevitably create an added burden for clinicians and hospital managers. Thus further proposals are required to limit the cost of processing inflated claims and to consider whether clinicians should be given some protection from litigation alleging a failure to prevent birth related impairment.

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A Web-based Information System for Plant Disease Forecast Based on Weather Data at High Spatial Resolution

  • Kang, Wee-Soo;Hong, Soon-Sung;Han, Yong-Kyu;Kim, Kyu-Rang;Kim, Sung-Gi;Park, Eun-Woo
    • The Plant Pathology Journal
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    • v.26 no.1
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    • pp.37-48
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    • 2010
  • This paper describes a web-based information system for plant disease forecast that was developed for crop growers in Gyeonggi-do, Korea. The system generates hourly or daily warnings at the spatial resolution of $240\;m{\times}240\;m$ based on weather data. The system consists of four components including weather data acquisition system, job process system, data storage system, and web service system. The spatial resolution of disease forecast is high enough to estimate daily or hourly infection risks of individual farms, so that farmers can use the forecast information practically in determining if and when fungicides are to be sprayed to control diseases. Currently, forecasting models for blast, sheath blight, and grain rot of rice, and scab and rust of pear are available for the system. As for the spatial interpolation of weather data, the interpolated temperature and relative humidity showed high accuracy as compared with the observed data at the same locations. However, the spatial interpolation of rainfall and leaf wetness events needs to be improved. For rice blast forecasting, 44.5% of infection warnings based on the observed weather data were correctly estimated when the disease forecast was made based on the interpolated weather data. The low accuracy in disease forecast based on the interpolated weather data was mainly due to the failure in estimating leaf wetness events.

Study on Tribological Characteristics of Machine Component in Boundary Lubrication (경계윤활에서 기계 부품 소재의 트라이볼로지적 특성에 관한 연구)

  • Kim, Myeong-Gu;Seo, Kuk-Jin;Nam, Jahyun;Kim, Dae-Eun
    • Tribology and Lubricants
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    • v.35 no.6
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    • pp.356-361
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    • 2019
  • The friction and wear between machine components directly influence the energy loss and failure in various machines. Therefore, there is always a demand for finding methods to reduce friction and wear. Of the possible methods, lubrication is a widely used method for reducing friction and wear. In the case of lubrication, it is important to analyze the tribological behavior in the boundary lubrication because most of friction and wear occurs in the boundary lubrication regime. Cast iron has been regarded as a good material for industrial applications due to the excellent mechanical properties and high productivity. Especially, nodular cast iron is a material that shows better mechanical properties and wear-resistance compared with cast iron due to inclusion of spheroidal graphite. In this work, we investigated the tribological characteristics of nodular cast iron with respect to different counter parts in boundary lubrication regime. Sliding tests were conducted with SUJ2, ZrO2, Si3N4 balls as counter parts using a pin-on-disk type tribotester. The results showed different friction and wear behaviors with different counter parts. The case of ZrO2 showed the lowest wear rate in specimen and no significant ball wear. In case of SUJ2, it showed similar wear rate with ZrO2 case in specimen and the highest friction coefficient. The case of Si3N4 showed the lowest friction coefficient, 33% lower than the case of SUJ2. It showed 16.9 times larger wear rate in specimen and 43% larger wear rate in ball compared to that of the SUJ2 case.

The Advantageous Bargaining Sequence in Sequential Bargaining with Multiple Parties (다수의 상대방과 연속 거래시의 유리한 거래 순서에 대한 연구)

    • Journal of the Korean Operations Research and Management Science Society
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    • v.22 no.3
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    • pp.209-222
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    • 1997
  • In this paper, we study a bargaining order problem where one buyer sequentially bargains with two sellers whose reservation prices are unknown to the buyer but correlated. Our main question is who the buyer should bargain first with to maximize his expected payoff. This type of problem is widely applicable to business and political situations where one party negotiates with multiple parties sequentially. One of the most important element in a sequential bargaining is "linkage effect" which exists when the aggreement of the previous bargaining affects the outcome of the following bargaining. To examine "linkage effect", we assume that the sellers'objects are similar so that the sellers' reservation prices are correlated. In addition, to consider incomplete information aspect regarding reservation prices, it is assumed that the sellers' reservation prices are unknown to the buyer. That is, we deal with one sided incomplete information case. In our model, there are two stages in each of which the buyer meets one seller. Since we are concerned with the bargaining order, we consider two different bargaining orders. Using game theory, we find a perfect Bayesian equilibrium and compute the buyer's expected payoff for each bargaining order. Finally we identify the advantageous bargaining order for the buyer by comparing the expected payoffs obtained under two different bargaining orders. Our results are as follows: the advantageous bargaining order depends on the prior probability of the seller type. However, in general, the buyer should bargain first with the seller whose object is less valuable to the buyer. The basic reason for our result is that the buyer wants to experiment in the first stage to find out the sellers' reservation prices and in doing so, to minimize the experimental cost and maximize potential gain in case of negotiation failure in the first stage. in the first stage.

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Generation of Corporate risk Contents using Financial Data (국제경쟁력 강화를 위한 중소규모기업 부실예측 콘텐츠)

  • Kim, Young-Sook
    • Proceedings of the Korea Contents Association Conference
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    • 2007.11a
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    • pp.951-953
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    • 2007
  • Generation of Corporate risk Contents using Financial Data The purpose of this paper is to capture risk profiles of smaller-sized Korean firms vis-$\grave{a}$-vis larger-sized firms during the Asian financial crisis. For this purpose, risk profiles are provided by estimating expected default risks and by tracking how these have changed during this period with respect to their magnitude, volatility, and sensitivity measures. Methodology used in this study employs the Black-Scholes-Merton model for producing estimates of default risks. And the conventional trans-log function is utilized for obtaining sensitivity measures of the estimated default risks. According to empirical evidence obtained here, it is revealed that contractions of corporate loans associated with IMF austerity policy was the main factor responsible for the drastic change in the default risk profile of Korean firms after occurrence of the Asian financial crisis.

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Effects of Hf Addition on Microstructure and Hot Workability of Fe-30at.%A1-5at.%Cr Alloy (Hf가 첨가된 Fe-30at.%A1-5at.%Cr 합금의 미세조직 및 열간압연가공 특성)

  • Yoon, Kye-Lim;Lee, Doh-Jae;Baek, Dae-Hwa;Lee, Kyung-Ku
    • Journal of Korea Foundry Society
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    • v.21 no.6
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    • pp.336-342
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    • 2001
  • This study was carried out to examine the effects of adding 0.3at.%Hf in Fe-30at.%Al-5at.%Cr alloy on the variation of microstructures and hot workability. The effect of hot rolling on mechanical properties was estimated by measuring the elongation and tensile strength after rolling at 800 and 1000 respectively. Microstructure of Fe-30at.%Al-5at.%Cr alloy was consisted of large equiaxed grains and it was changed to quasi-equiaxed or columnar structures by adding 0.3at.%Hf to Fe-30at.%Al-5at.%Cr alloy. Every specimens showed a decreased tensile strength after hot rolling compared to that of before rolling. The elongation was increased by hot rolling. Remarkable changes in elongation by hot rollong was observed such as from 1.4% to 4.5% elongation at the specimen of 0.3at.%Hf added to Fe-30at.%Al-5at.%Cr. Fe-30at.%Al-5at.%Cr alloy showed typical cleavage fracture on tensile failure and hot rolling has negligible effects on fracture mode in this alloy. However at the alloy containing Hf fracture mode was changed by hot rolling from intergranular to mixed intergranular and transgranular fracture mode.

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The Safety Design of Corrosive Chemical Handling Process based on Reliability Database (신뢰도 데이터베이스 기반 부식성 화학물질 취급공정의 안전설계)

  • Chu, Chang Yeop;Baek, Jong Bae
    • Journal of the Korean Society of Safety
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    • v.33 no.5
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    • pp.141-149
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    • 2018
  • In a PCB factory, there is a corrosive chemical substance supply system that can causes major leakage accidents. These accidents can give rise to shut down the factory and do residents damage that cause enormous loss of properties. To mitigate these risks, it is necessary to provide a chemical disaster prevention system. Moreover, after considering the situation and environment of the production site, it is of great importance to build an optimal chemical accident prevention system by reflecting risk reduction measures from the point of process design and by assessing quantitative risk based on reliability data. However, because there was no established database of the reliability about facilities and equipment that can be used in the domestic, the business site and consulting organization had being used the reliability data such as USA CCPS(Center for Chemical Process Safety). In these days, Korean institutes are studying on reliability data utilization method of quantitative risk assessment for preventing chemical accidents and domestic utilization algorithms and storage bed of reliability data. This study presents samples of reliability database about the chemical substance supply system that constructed from the history data such as failure, maintenance for 10 years at a PCB factory. Also, this work proposes the safety design criteria for supply facilities of corrosive chemical substance by assessing quantitative risk on the basis of the reliability data.